In any case, this email came in just a bit ago from one of our long term members asking about AAPL,
" Brandt... Is 3C showing any short term accumulation on the AAPL pullback today?
TIA.."
He read the AAPL analysis from earlier in the week and today and as soon as I saw his question, I knew exactly what he was getting at because this is something I have taken the time to show members rather than just give a summary.
He wants to know if 3C's short term charts (because they are the most sensitive and move the fastest), picked up any sign of accumulation in to AAPL's pullback today, here are the charts...
The reason he asked is because he knows from seeing it so many times that if there's accumulation in to a pullback, that stock is likely going to move higher. Smart money does not chase stocks higher to buy them, they buy as price is going down or is flat.
In asking the question he is trying to figure out whether AAPL is more likely to do what I suggested and break below the large bearish triangle where it will likely be accumulated, or if AAPL is going to follow the strength of the 15 min chart and move higher from here.
The answer is no- there was no sign of accumulation in to today's AAPL pullback. Here are the short term charts on AAPL's pullback.
3 min
No accumulation on the pullback, smart money doesn't look like they are willing to buy AAPL here, but I'm thinking they will be willing to below the bearish triangle as that will open up much lower prices and huge supply they can accumulate.
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